Kodak slips further in the Photography business

This snippet of info from my nifty little app called Net Newsreader, I have simply cut and pasted but it sdoes all the hard work reads all my RSS subscriptions for me and all I do is skim the headlines and pick and choose what I explore furhter, no more surfin' for me.

Kodak reports first quarter losses

Despite a growth in the digital arena, Kodak has reported a net loss of $142 million, or 50 cents per share, compared with net income of $21 million, or 7 cents per share, in the first quarter of 2004. Sales also fell by 3% to $2.83bn from $2.92bn in the same period last year. Kodak Chairman and Chief Executive Officer Daniel Carp says, "While the first quarter's performance was disappointing, such short-term volatility is to be expected as we transform Kodak into a digital company."

No comments: